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'''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which the government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.

'''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system which is more like an oligopoly than free enterprise.  In crony capitalism, investments are not based on morality or true free enterprise.  Often in crony capitalism the government picks winners and losers through the use of grants, contracts, loan guarantees, [[regulation]]s, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.

==See also==

==See also==